Bill Sponsor
House Bill 659
115th Congress(2017-2018)
Standard Merger and Acquisition Reviews Through Equal Rules Act of 2017
Introduced
Introduced
Introduced in House on Jan 24, 2017
Overview
Text
Introduced
Jan 24, 2017
Latest Action
Nov 15, 2017
Origin Chamber
House
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
659
Congress
115
Policy Area
Commerce
Commerce
Primary focus of measure is business investment, development, regulation; small business; consumer affairs; competition and restrictive trade practices; manufacturing, distribution, retail; marketing; intellectual property. Measures concerning international competitiveness and restrictions on imports and exports may fall under Foreign Trade and International Finance policy area.
Sponsorship by Party
Democrat
California
Republican
Pennsylvania
House Votes (0)
Senate Votes (0)
No House votes have been held for this bill.
Summary

Standard Merger and Acquisition Reviews Through Equal Rules Act of 2017

This bill amends the Clayton Act with respect to notice to a state by the Department of Justice (DOJ) about federal actions brought for violations of antitrust laws.

The Federal Trade Commission (FTC) shall exercise the same authority and procedures as DOJ under the Clayton Act if the FTC has brought an action under such Act with respect to the prohibition against acquisition by one corporation of the stock of another (merger) that may substantially lessen competition or tend to create a monopoly.

The Federal Trade Commission Act (FTCA) is amended to exclude proposed mergers, acquisitions, joint ventures, or similar transactions from ordinary FTC proceedings, except in cases where the FTC approves an agreement with the parties to the transaction that contains a consent order.

U.S. district courts shall have jurisdiction to issue writs of mandamus commanding compliance with the FTCA or any FTC order, if the FTC applies to such courts with respect to any activity related to consummation of a merger, acquisition, joint venture, or similar transaction that may result in an unfair method of competition.

Text (2)
November 15, 2017
January 24, 2017
Actions (7)
11/15/2017
Placed on the Union Calendar, Calendar No. 304.
11/15/2017
Reported by the Committee on Judiciary. H. Rept. 115-412.
04/05/2017
Ordered to be Reported by the Yeas and Nays: 16 - 10.
04/05/2017
Committee Consideration and Mark-up Session Held.
02/08/2017
Referred to the Subcommittee on Regulatory Reform, Commercial And Antitrust Law.
01/24/2017
Referred to the House Committee on the Judiciary.
01/24/2017
Introduced in House
Public Record
Record Updated
Jan 11, 2023 1:34:17 PM